Shareholders' Deficit (Tables)

3 Months Ended

Mar. 27, 2024

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The components of the change in accumulated other comprehensive loss, net were as follows:


	Defined Benefit Plans		Derivatives		Accumulated Other Comprehensive Loss, Net
	(In thousands)
Balance as of December 27, 2023	$	(337)	$	(41,322)	$	(41,659)

Amortization of net loss (1)	16		—		16

Changes in the fair value of cash flow hedges	—		9,598		9,598
Reclassification of cash flow hedges to interest expense, net (2)	—		(1,508)		(1,508)

Amortization of unrealized losses related to interest rate swaps to interest expense, net	—		142		142
Income tax expense related to items of other comprehensive income (loss)	(6)		(2,078)		(2,084)
Balance as of March 27, 2024	$	(327)	$	(35,168)	$	(35,495)

(1) Before-tax amount related to our defined benefit plans that was reclassified from accumulated other comprehensive loss, net and included as a component of pension expense within general and administrative expenses in our Consolidated Statements of Income during the quarter ended March 27, 2024.

(2) Amounts reclassified from accumulated other comprehensive loss, net into interest expense, net in our Consolidated Statements of Income represent payments either (received from) or made to the counterparty for the interest rate hedges. See Note 7 for additional details.